AUD/USD Fundamental Analysis September 14, 2012, Forecast

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Analysis and Recommendation:

The AUD/USD is moving towards the 1.05 price level, trading this morning at 1.0483 on the back of the weakened dollar. As the FOMC decision draws ever closer, the USD continues to decline as markets push up the odds of aggressive action by the Fed. The question that remains is the type and size of stimulus that Bernanke and Company will offer later today

Yesterday, China assured markets that they would meet their 2012 goals and promised to use the funds from their fiscal emergency budget to pump up the economy if necessary.

FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.

Economic Events forecast vs. actual September 13, 2012

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Sep. 13

 

NZD

 

 

Interest Rate Decision 

2.50%

 

2.50% 

 

2.50% 

   

 

 

NZD

 

 

RBNZ Rate Statement 

 

 

 

 

 

   

 

 

NZD

 

 

RBNZ Monetary Policy Statement 

 

 

 

 

 

 

 

 

 

KRW

 

 

South Korean Interest Rate Decision 

3.00%

 

2.75% 

 

3.00% 

 

 

 

Upcoming Economic Events

Date

Time

 

Currency

 

 

Event

 

Forecast

 

Previous

Sep. 14

05:30

 

JPY

 

 

Industrial Production (MoM) 

 

-1.2% 

 

-1.2% 

 

10:00

 

EUR

 

 

CPI (YoY) 

 

2.6% 

 

2.6% 

 

10:00

 

EUR

 

 

Employment Change (QoQ) 

 

-0.2% 

 

-0.2% 

 

10:00

 

EUR

 

 

Core CPI (YoY) 

 

1.7% 

 

1.7% 

 

13:30

 

USD

 

 

Core CPI (MoM) 

 

0.2% 

 

0.1% 

 

13:30

 

USD

 

 

Core Retail Sales (MoM) 

 

0.6% 

 

0.8% 

 

13:30

 

USD

 

 

CPI (MoM) 

 

0.5% 

 

0.0% 

 

13:30

 

CAD

 

 

Manufacturing Sales (MoM) 

 

1.00% 

 

-0.40% 

 

13:30

 

USD

 

 

Retail Sales (MoM) 

 

0.7% 

 

0.8% 

 

14:15

 

USD

 

 

Industrial Production (MoM) 

 

0.2% 

 

0.6% 

 

14:55

 

USD

 

 

Michigan Consumer Sentiment 

 

74.1 

 

74.3 

Government Bond Auctions

Date and Country

Sep 13 00:30 Japan 

Sep 13 09:10 Italy  

Sep 13 09:30 UK 

Sep 13 15:00 US 

Sep 13 17:00 US 

Sep 14 10:00 Belgium

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About: FX Empire Analyst - Barry Norman

Barry produces a private Daily Market Review newsletter that is distributed around the globe to over 25,000 subscribers and recently published a book on Options Trading that is available from amazon.com

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